Consumer tech giant Apple (AAPL) is up 32% over the past year, slightly outperforming the overall stock market. One trader sees shares trending higher in the coming weeks. That’s based on the January 17 $267.50 calls. With 21 days until expiration, 3,840 contracts traded compared to a prior open interest of 150, for a 26-fold rise in volume on the trade. The buyer of the calls paid $1.07 to make the bullish bet. Apple shares recently traded for about $258, so the stock would need to rise by $9.50, or about 3.7%, for the option to move in-the-money. It would also mean Apple continu...

Home improvement store chain Home Depot (HD) is up about 12% over the past year, returning about half that of the S&P 500. One trader sees further weakness in the weeks ahead. That’s based on the February 21, 2025 $360 puts. With 56 days until expiration, 10,548 contracts traded compared to a prior open interest of 345, for a 31-fold rise in volume on the trade. The buyer of the puts paid $3.80 to make the bearish bet. Home Depot shares recently traded for about $393, so shares would need to drop by $33, or 8.4%, for the option to move in-the-money. The strike price is still well...

Chipmaker Intel (INTC) has struggled this year, with shares dropping over 61% as the company has failed to turn around its business. One trader sees shares falling further over the next two years. That’s based on the January 15, 2027 $8 puts. With 750 days until expiration, 6,276 contracts traded compared to a prior open interest of 292, for a 36-fold rise in volume on the trade. The buyer of the puts paid $0.49 to make the bearish bet. Intel shares recently traded for about $19.50, so the stock would need to decline by $11.50, or about another 60% downside, for the option to move in...

Medical device manufacturer Baxter International (BAX) is down nearly 25% over the past year, amid ongoing losses and a collapse in growth. One trader sees shares continuing lower into 2025. That’s based on the February 2025 $27.50 puts. With 59 days until expiration, 11,202 contracts traded compared to a prior open interest of 138, for an 81-fold rise in volume on the trade. The buyer of the puts paid $0.76 to make the bearish bet. Baxter shares recently traded for about $29.50, so the stock would need to decline by $2, or just under 7%, for the option to move in-the-money. Baxter h...

Chipmaker Lam Research (LRCX) has been in a downtrend since July, and shares are now down over 7% in the past year. One trader sees a rebound in the first half of 2025. That’s based on the June 2025 $94 calls. With 179 days until expiration, 11,644 contracts traded compared to a prior open interest of 116, for a 56-fold rise in volume on the trade. The buyer of the calls paid $2.65 to make the bullish bet. Lam Research recently traded for about $71, so shares would need to rise by $23, or about 33%, for the option to move in-the-money. The strike price of the option is close to the s...

Entertainment venue operatorSphere Entertainment Co. (SPHR) is up just 10% over the past year, far underperforming the overall stock market. One trader sees a rally in the next two months. That’s based on the February 2025 $40 calls. With 63 days until expiration, 5,945 contracts traded compared to a prior open interest of 191, for a 31-fold rise in volume on the trade. The buyer of the calls paid $3.70 to make the bullish bet. Sphere recently traded for about $38, meaning the stock would need to rise by $2, or about 5.2%, for the option to move in-the-money. Sphere has twice seen sh...

Athletic apparel manufacturerUnder Armour (UAA) is down 12% over the past year, far underperforming the market’s strong rally. One trader sees shares continuing to underperform through the end of 2026. That’s based on the December 18 2026 $10 puts. With 729 days until expiration, 4,889 contracts traded compared to a prior open interest of 161, for a 30-fold rise in volume on the trade. The buyer of the puts paid $2.68 to make the bearish bet. Under Armour shares recently traded for about $8.60, meaning the option is already $1.40 in-the-money, leaving about $1.20 in option premium fo...

Social media siteReddit (RDDT) has been on a tear, with shares soaring 275% over the past year. One trader sees further upside over the next two years. That’s based on the January 2027 $270 calls. With 758 days until expiration, 10,002 contracts traded compared to a prior open interest of 163, for a 61-fold rise in volume on the trade. The buyer of the calls paid $48.20 to make the bullish bet. Reddit shares recently traded for about $178. Shares would need to rise by 51.7% over the next two years, or by $92, for the option to move in-the-money. Reddit currently trades right at its a...

Healthcare plan providerCentene Corporation (CNC) has been trending lower over the past year, with shares down over 20%. One trader sees a further decline into the start of 2025. That’s based on the February 2025 $55 puts. With 65 days until expiration, 7,325 contracts traded compared to a prior open interest of 151, for a 49-fold rise in volume on the trade. The buyer of the puts paid $1.80 to make the bearish bet. Centene shares recently traded for about $59.50, so shares would need to decline by about $4.50, or about 7.6%, for the option to move in-the-money. It would also mean sh...

Bitcoin mining giantRiot Platforms (RIOT) is down 25% over the past year, even as cyrpto prices have been surging higher. One trader sees shares continuing to underperform in the first half of 2025. That’s based on the June 2025 $11 puts. With 186 days until expiration, 10,016 contracts traded compared to a prior open interest of 196, for a 51-fold rise in volume on the trade. The buyer of the puts paid $2.78 to make the bearish bet. Riot shares recently traded for just over $12, so the stock would need to decline by over $1, or about 9%, for the option to move in-the-money. The stri...